Thank you, John. As you say, the health board is currently in level 4 Welsh Government escalation for finance and planning, and this year is forecasting a deficit position in the region of £58 million, which, of course is really, really significant. What I would want to understand is why the health board has moved from a position where, just two years ago, it was predicting that it would have a sustainable balanced budget by the end of the 2025-26 financial year. What has happened in that intervening period to end up where the prediction at the moment, as I said, is circa £58 million?
I'm very conscious that this appointment, should I be confirmed, would not begin until 1 October. The ability to turn things around within almost half a financial year is going to be really challenging, so I think, for me, I'd want to be able to sit alongside colleagues to understand what that trajectory is over a one, two, three-year period and how we can make the necessary arrangements to satisfy the Welsh Government to see us move out of level 4 escalation.
I think that's really important, culturally, for an organisation. First of all, being in a level of escalation, actually, quite understandably, and rightly so, means that executive colleagues are engaged in that process. And when they're engaged in that process, they're potentially not doing other things. Also, if that status lasts for too long in an organisation, I believe that you almost get into a sense of resigned hopelessness—that that's the way it always has to be. I'm more confident and I'm more ambitious for our health services than that. I do not think it's an inevitability. I think we have got the ability in Wales to run a sustainable health service, and that's why I want to play my part in doing that and supporting executive colleagues in Cardiff and Vale to do it. So, I think the finances we need to look at.
Then, there are issues around performance. Can I just say, it's inevitable, isn't it, in conversations like this, and in the work that you all do as elected Members, that we often focus on the deficits with an organisation? Today, tomorrow, every day, for 365 days of the year, there will be staff in Cardiff and Vale University Health Board who are doing their absolute best to provide outstanding person-centred and quality care for the citizens of their area. So, I want to caveat anything else I'm going to say by recognising the massive commitment and the exceptional work that goes on day in, day out. Indeed, Powys commission services at Cardiff; myself and my family, over the years, have used those services.
But undoubtedly, there is room for improvement. One only has to look at the position around diagnostics. A significant amount of the long waits for diagnostics in Wales at the moment are currently held at Cardiff and Vale. Indeed, the ministerial advisory group report actually names Cardiff and Vale with regard to the long waits for non-obstetric ultrasound scans. So, clearly, there are performance issues, John, that will need to be addressed, and we will need to meet the challenge of the Cabinet Secretary's targets for this year. So, I think we need to make sure that the entire board has a real grip on where we are with regard to performance, both in terms of finance and in operational delivery. One of the really important jobs of a chair, and, indeed, the board, is to hold their executives to account for performance.